JDizzle22

Hi guys, still 6 day and we are in Xmas ... no gift ??? :D :D :D

It helps if you provide definitions and more specific requirements of something rather than making a would be coder go and search for what you are requesting and then if there are different interpretations, assuming which one you meant.

jdizzle2, As I understand the repainting contributes to the coloring of the bands at bar close (= entry time decision). So the colors are crucial.

The consequence is that the location of the bands in history are to be ignored for any chart related conclusions.

And yes, you are correct: looking at the repainting of the location of bars is misleading.....

 

Unfortunately everyone seems focusing to the bars and bands. In my opinion the SIGNALS are important as well as they should represent the better entries.

I still hope anyone has an insight as how the signals are generated and if it would be possible to have an indicator showing the signals in the history (so beyond the few days it plots now)

Completely agree (the colors could be coded into the LWMA bands as non repainting, as described above--why would the vendor hide this....). The signals don't repaint, but there needs to be a way to filter them....ppl keep saying to use the band to filter the signals (whether its color and/or positioning), so if non repainting signals, why not non repainting filter. Maybe ppl need to ditch the band altogether and come up with a different filter for the signals.

Darktrader, Well said ! To my best knowledge the bands at time of bar close are equal to WMA band. If you want to see how the bands behaved in the past, well then use an indicator that shows you the traces of the WMA bands in the past ! However, the coloring of the iBands are crucial at time of bar close for entry decision.

So repainting is at iScalper crucial for the entry decision as it influences (to my understanding) the coloring of the bands at time of bar close. But do not look to the bands in charts beyond the current bar as they repaint in position and will make the iScalper look better than the holy grail.

 

Currently I use this indi for plotting the WMA bands in the past. If anyone has a better one, please share.

https://[email protected]/file/z3lcxd @=a

Let's take this logic a step further.....if you plot the LWMA bands it will plot the TMA non-repainted.....so, what could the develop have done to get rid of the repainting issue...it is a very very simple thing the developer could have done; create a private data series in the script that holds the data of the TMA and bands, which will only hold the value internally and not plot a misleading channel (none of your entries are based on how the band repainted in the past, only the "new" slope, so this is not an issue for trading) and then color the LWMA bands based on the slope of the private data series--repainting issue is now gone. The only reason someone sells something that repaints is to mislead.

Nice find. Most of the other "review" sites were clearly affiliates giving their opinions and no videos of them showing any forward testing during live market hours.

I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

Inverse r/r means more risk and small profit you mean?. If yes than it is a myth to find a system where your risk is less than your profit. If there exist a system it would not be sold to public, we all have tried myriad of systems in these forums and we still look for one. In fact I will argue that even in real life its not possible to have positive r/r, yes sometime you can hit jackpot but how many times you can hit it, its like hitting home run in baseball but not many hit in a game.

 

I think taking small consistent profits with sound money management is the key to daytrading imo. I also realize most daytrder fail miserably because of lack of funds, taking more risk than you afford

Inverse R:R means you are taking more risk than your potential profit, so ones needs a very high win percentage to make a profit, especially when you take into account commission. The actual myth is a little more specific, you won't find a commercial system that has a positive R:R for the simple fact that the vast majority of commercial systems are losers, so by definition after they are traded their R:R is negative. Are you suggesting that you can't have bigger winners than losers? LOL, in real life people dont have a positive R:R because they are losing; you don't need to hit the jackpot to have a R:R above 1. I never suggested a R:R of 3, 4...etc. Pppl who win, generally, have a positive R:R of 1 or above--there is a select few among the select few who can make profit with less than a 1:1 R:R--so if the advice to people who aren't making money is to have a R:R that is less than one, then the 5% that is normally talked about who make it in trading has now been lowered and the bar is that much higher.

I like the point about margin--I became consistent, instead of just barely break even when I lowered my margin and stopped looking at $ and focused on ticks/points.

Enzofox, I agree with Rondonelli. Do not enter the trade blindly when a signal arrives. Look to color of bands at time of entry. Do not look to bands in hindsight !!!!!!!Use wide bands (1,1 e.g.) and higher period (56) for less trades, but higher probability and much lower risk. With these settings you also circumvent choppy areas. Do not be greedy

 

THIS IS SCALPING !!!!!!!

Take as target e.g 5 ticks.Stoploss the red line.

Now you will see many more YES than NO on your charts.

If it was that simple, all you would have to do is put an auto trader on and start printing money....there's a reason this is sold as a "discretionary" system....there's also a reason it repaints....most people are going to lose money trading this "system"....an inverse R:R will lead to most new traders losing their shirts--I think R:R/money management is one of the most talked about subjects in/by most trading books/gurus and still ppl trade with inverse R:R

http://www.bilder-upload.eu/show.php?file=a68a8b-1417450012.png

 

someone knows that this message means???

 

my automatic strategy don't open position... only on backtest...

 

i hope someone can help!

Did you try this: http://www.ninjatrader.com/support/forum/showthread.php?t=54767

Jdizzle22

Thanks for your explanation, can you add necessary code into your tmbands indicator to output its angle into a square box in user configurable place on the chart?.

It's better to show an example of something you can do. I think the printing the numbers is the not a good way to go. The best way to go is coloring the plots--you could color the plots several different colors based on levels of slope (i.e. slope above X, color 1. slope above y, color 2), but here is an example of converting slope to angle and printing it on a chart: DrawTextFixed("SlopeToDegrees", "Degrees: "+Math.Atan(Slope(Plot0,slopeLookback,0)).ToString(), TextPosition.BottomRight);

Profile

I ran market replay from 9/17/14-9/19/14 ninja crashed therefore I abandoned it but few observations which I have seen past week as live

(1) Location of bands may move away from entry price if market moving in your direction so I dont know if you want to keep going in that direction or take a set profit target. I learned to take profit at predetermined level

(2) Band color may change from red or green to grey if market moves in opposite direction

(3) Trades taken in relatively flat market but favorable color tend to fail. Software changes color on even 1 degree angle, there got to be such angle which you can safely call up or down without thinking twice

(4) Trades which hit both bands were most successful

 

I wish if we had a band which can tell you about angle of its direction. One such moving avg but not band I found at

 

http://indo-investasi.com/showthread.php/25200-Indicators-Sharing-amp-Chart-Templates/page8?highlight=templates post #73

You don't need to do market replay with TMA bands, or any indicator that repaints. What you can do is this: 1) disconnect from your data (if data is running it will update the band), 2) scroll back in time to where you want to begin viewing the band, 3) refresh the chart, and 4)more forward in time and the bands will update as if you are running market replay.

As for the angle of its direction, ninjatrader lets you calculate slope(aka angle) (see the example I built into the TMA Bands with lookback and a filter (http://www.ninjatrader.com/support/helpGuides/nt7/index.html?slope.htm)), so you can determine the slope of any dataseries over any number of bars that you want. You can print this information to the output window, color the plots, or you can draw a static text on the chart. It doesn't matter if you calculate the Slope off the center MA or the bands--the bands are deviated from the center line offset by a certain amount so they will have the exact same slope. If the bands were not the same slope then the bands would get closer and further away from the center line when you look back in history.

TMA bands look back "infinite" instead of 256, so it is much more resource intensive than other indicators--if you have a slower computer with less memory, or have dll's that are not installed properly, it can cause havoc on your system with indicators that look back indefinitely, especially if you load a lot of data on your chart (load only as much data as you absolutely need).

edit: forgot negative in code: if you have tmabands, on line 72 add "-" in front of slopetrend. Added pic, see orange is flat: http://tinypic.com/r/65zj8o/8

jdizzle22, You are very right that backtesting is an issue (at least for me). The bands repaint in location.. That is not an issue as I can drop a dot to the chart at each bar so I can see in the past were the bands were located. But the coloring of the bands change as well and they are important. It is this coloring that I can not replicate in the backtesting.

I find the system very good in real time manual trading. But making it a strategy is a different story. I am very limited in knowledge here.

How did you experience your test drive? Will you use the system in the future? What was good or not?

I won't use it--I removed it shortly after the trial started, so this next bit I did not compare to their stuff, but should be pretty close once you compare settings and such (it may be a little different if they modified the TMA formula). I converted TMA Bands as described here (http://www.wisestocktrader.com/indicators/3320-tma-bands) to Ninja. I also added a "slope" lookback which will let you determine how far back you want to go to determine slope. There is also a slopetrend, which is set to 0. If slope is > slopetrend then it will paint the middle line green, if slope < slopetrend then paint red. See how it works out for you. https://www.sendspace.com/file/33k6ph

Question on the iSc@lper indicator : I do not seem to be able to plot more than 7 days if colored bars and signals and bands..

How can I have more than 7 days of colored bars and signals and bands plotted by the iScalper?

Reason for the question: With Strategy Wizard I want to built a simple strtegy to see how well/bad the iScalper works with my preference settings. Once it looks good I then can try to run a playback.

 

I found that the core of the iScaler actually derives from the Metatrader platform. There has been a publication on Volatility Quality by Thomas Stridsman in 2002 on Technical Analysis of Stocks and Commodities magazine. Someone then made the indicator for Metatrader called vq.mq4. Some parts of that code are more or less copied in the iScalper (I do not believe in that level of coincidence). I have not been able to find any Ninja version of this indicator.

I am not able to understand how the signal is triggered, but someone on the internet mentioned that the Moving Average of multiple timeframes should all point to the same direction - but I can not confirm this as I can not read the code. Another source mentions that it is about the ATR on multiple timeframes.

 

I was not able to find the original publication source of Thomas Fridsman. Someone has access to the archives of Technical Analysis of Stocks and Commodities magazine?

I did their trial of the indicator and if you read this thread, you should better understand what MA they are using (TMA): http://www.forexfactory.com/showthread.php?p=5474168. The TMA repaints, but if you plot the LWMA, it won't. To get the upper and lower bands on the TMA or LWMA, you take the TMA/LWMA + ATR(TMA/LWMA,period)*Multiplier and TMA/LWMAATR - (TMA/LWMA,period)*Multiplier--this ATR type adjustment is used often in many indicators. From comparing TMA and LWMA to the Scalper, it does not appear to be a MTF indicator. As for the changing of colors, I do not know, but would assume they are taking the slope over X bars and coloring it, so that X bars are colored--since everything repaints, I don't think it will backtest very well in Ninja.

I started to read the book, i also inserted the ichimoku indicator which we all have on ninja.

Basically- there are 5 moving averages.

First and second one are 9 and 26 long- meaning slow and fast one.

Third is same as the price but applied 26 bars BEHIND the current price, 4th and 5th are again- 2 moving averages that are being calculated in a certain way but applied 26 bars forward.

The entire system is very interesting, I have always opposed any indicator that is based on history- but this is very interesting,.

i am testing it- while reading the book against my normal signals to see if that system can help me filter mine better-

i actually checked friday because it was a very touch day- no continuity - it was chopping back and forth and if you took a late entry you would fail again and again.

if i have time i will post my findings tomorrow- but its not as complicated as it looks- the rules are very simple and strict- so far i am intrigued lol.

So people don't think SMA or EMA, see the definitions here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:ichimoku_cloud

Tenkan-sen (Conversion Line): (9-period high + 9-period low)/2))

The default setting is 9 periods and can be adjusted. On a daily

chart, this line is the mid point of the 9 day high-low range,

which is almost two weeks.

Kijun-sen (Base Line): (26-period high + 26-period low)/2))

The default setting is 26 periods and can be adjusted. On a daily

chart, this line is the mid point of the 26 day high-low range,

which is almost one month).

Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2))

This is the midpoint between the Conversion Line and the Base Line.

The Leading Span A forms one of the two Cloud boundaries. It is

referred to as "Leading" because it is plotted 26 periods in the future

and forms the faster Cloud boundary.

Senkou Span B (Leading Span B): (52-period high + 52-period low)/2))

On the daily chart, this line is the mid point of the 52 day high-low range,

which is a little less than 3 months. The default calculation setting is

52 periods, but can be adjusted. This value is plotted 26 periods in the future

and forms the slower Cloud boundary.

Chikou Span (Lagging Span): Close plotted 26 days in the past

The default setting is 26 periods, but can be adjusted.

Hi, there is a moving average indicator endpoint?

please share

EPMA seems to be the same as LSMA which is the same as LinReg: http://www.ninjatrader.com/support/forum/showthread.php?t=23713c

@enzofox, I don't have 15 messages so I can't PM. Send me your email in a PM if you had an idea you want to work on.

I need to figure out how to start then follow various tests Thanks

Try this: sendspace dot com/file/kytczn

Help for programming Ninja

I need a vertical line on Ninja I plots

the formula (Open - (OPEN * 0.50) of red color

Who can help me

Thanks

Do you mean a horizontal line? And for the formula, on the ES, if it opened at 2,000, you would want to plot a horizontal line at 1,000? That's doable, but can you explain how this information is useful to you?

dumb question, but how can you cheat ninjatrader's logs?

Market replay. Look at his ninja logs--you will see the account column is not presented. In the advanced options you can tell ninja which accounts to present.